Morgan Stanley Reaffirms “Equal Weight” Rating for easyJet plc (EZJ)
Morgan Stanley reaffirmed their equal weight rating on shares of easyJet plc (LON:EZJ) in a report issued on Monday, Marketbeat reports. They currently have a GBX 1,230 ($16.17) target price on the stock.
EZJ has been the subject of several other reports. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 1,600 ($21.04) price objective (up from GBX 1,550 ($20.38)) on shares of easyJet plc in a research note on Monday, September 4th. UBS AG reaffirmed a buy rating on shares of easyJet plc in a research note on Monday, September 11th. Barclays PLC reaffirmed an equal weight rating and issued a GBX 1,150 ($15.12) price objective on shares of easyJet plc in a research note on Monday, July 17th. Deutsche Bank AG set a GBX 1,310 ($17.22) price objective on easyJet plc and gave the company a neutral rating in a research note on Tuesday, August 29th. Finally, J P Morgan Chase & Co reaffirmed an underweight rating and issued a GBX 1,380 ($18.14) price objective on shares of easyJet plc in a research note on Monday. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. easyJet plc currently has an average rating of Hold and an average target price of GBX 1,249.09 ($16.42).
Shares of easyJet plc (LON:EZJ) opened at 1289.00 on Monday. The stock’s market capitalization is GBX 5.07 billion. easyJet plc has a 12 month low of GBX 865.00 and a 12 month high of GBX 1,444.00. The company’s 50 day moving average price is GBX 1,215.61 and its 200 day moving average price is GBX 1,250.65.
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In other news, insider Andrew Findlay bought 135 shares of easyJet plc stock in a transaction that occurred on Thursday, August 31st. The shares were purchased at an average price of GBX 1,195 ($15.71) per share, for a total transaction of £1,613.25 ($2,121.02). Insiders purchased 433 shares of company stock worth $529,987 in the last quarter.
About easyJet plc
easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts.
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